Recently, CME's bitcoin futures market has soared to nearly $ 1 billion for the open interest (number of open contracts). Specifically, at 948 million USD, the highest level ever.
Launched in 2017, CME's bitcoin futures has recorded many impressive gains to date.
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Indeed, throughout 2020, especially since July, the total open interest across all bitcoin futures markets has steadily increased from around $ 2 billion in mid-March to nearly $ 6 billion in the recent test. .
Of all the bitcoin futures market, however, CME stands out, as CME is in the top of the largest derivative market for independent traders and institutional investors in the US.
Joshua Lim, head of derivatives at Genesis Global Trading, said that “With the strong growth of open interest for bitcoin futures, interest in the bitcoin futures market is increasing from institutional investors "
bitcoin futures cme
"Since the price of bitcoin rose above $ 10,000 has driven the bitcoin futures market to increase dramatically in terms of the number of participants, especially the rise in participation," said an executive director of a US crypto exchange. general about institutional investor interest in bitcoin ”
Currently a lot of institutional investors are expressing their interest in bitcoin futures because it is easier to access bitcoin through exchanges like CME.
* open interest or open contract is the total number of open position contracts that have not been liquidated or due for delivery on the bitcoin futures market (bitcoin futures) .. *
